Green Resources Fund

This fund has recently become available under the Matrix Range of Funds from Eagle Star Life. If you are of the opinion that economic development and global population growth will drive demand for clean water supplies and alternative energy sources, then it may be financially prudent to take a closer look at what it has to offer.

It is a unit-linked fund that tracks the performance of the PowerShares WilderHill Clean Energy and iShares S&P Global Water ETFs. The current asset split on the fund is 75% Alternative Energy and 25% Water. This exposure is not expected to deviate much from 70%-80% Alternative Energy and 20%-30% Water.

These ETFs invest in renewable energy, power delivery, cleaner fuel, water utility and water equipment industries. As with any fund that invests in companies outside the EuroZone, a currency risk arises. When you add this to the limited sector that it operates in, it would be considered a Higher Risk investment fund and may be more suited to an investor as part of an overall portfolio.

The Fund is available to Pension, Savings and Investment clients of Eagle Star Life but excludes PRSA contracts. The Annual Management Charge is 1%pa of funds invested but do bear in mind that this does not include any transaction charges that are made within the ETF.